frequently asked questions

  • We work for you, not for the bank.
  • Our services are free for most types of residential loans.
  • Australia wide services.
  • Access to all major lenders including the major banks.
  • A full member of the MFAA and AFCA, ensuring professional and ethical lending practices

There are no fees for most of the loans we deal with. There are some fees that will only apply in some situations. We will inform you if you will be charged one of these fees.

Using a mortgage adviser offers several advantages over going directly with a bank:

1. Access to Multiple Lenders: Advisers work with various lenders, giving you a wider range of mortgage options to choose from.

2. Personalized Guidance: Advisers provide tailored advice to find the best mortgage that suits your needs and financial situation.

3. Time and Effort Savings: Advisers handle the research, paperwork, and negotiations, saving you time and reducing stress.

4. Impartial Advice: Advisers offer unbiased recommendations, as they don’t work for any single bank.

5. Expertise: Mortgage advisers are specialists who stay up-to-date with the mortgage market, ensuring you make well-informed decisions.

6. Convenience: They can accommodate your schedule, making the process more convenient for you.

Ultimately, using a mortgage adviser can lead to a more cost-effective and efficient home financing experience.

The amount of money you are able to borrow for a home loan will depend on your personal financial circumstances, as well as the loan provider you choose and its lending policies.

You may be able to borrow more or less money depending on the lender’s assessment of your circumstances, which could include your credit score.

This varies depending on your situation and how each lender assesses your borrowing capacity.

As a general rule of thumb, it is often worth saving up a deposit of at least 20% of the value of the property you want to buy.

Smaller deposits often have to pay for lenders mortgage insurance (LMI), which allows eligible participants to take out a loan with as little as a 5% deposit.

A fixed rate home loan is one in which the interest rate you pay is locked in place or ‘fixed’ for a set period of time.

A variable rate home loan is one in which the interest rate you pay is not set in place, and can fluctuate, depending on the market conditions and the decisions of your lender.

The First Home Grant is a Kainga Ora cash grant designed to help lower-income purchasers buy lower-priced houses.  There is a maximum amount of income that you can earn and a maximum purchase price that you can pay to be eligible for the grant.  Here’s an article that we wrote on the First Home Grant.